The elastomeric sealants market was valued at USD 3.55 Billion in 2016 and is projected to reach USD 5.19 Billion by 2022, at a CAGR of 6.6% during the forecast period from 2017 to 2022. The elastomeric sealants market has been segmented based on type, end-use industry, and region. Based on type, the elastomeric sealants market has been segmented into Polyurethane (PU), Polybutadiene (PB), Polysulfide (PS), silicone, acrylic, Silyl Modified Polymer (SMP), and others. Based on end-use industry, the elastomeric sealants market has been segmented into construction, automotive & transportation, electronics, furniture & woodworks, aerospace & defense, marine, and others. Based on region, the elastomeric sealants market has been segmented into Asia Pacific, North America, Europe, South America, and the Middle East & Africa. The base year that has been considered for the study is 2016 and the forecast period considered is between 2017 and 2022.

Objectives of the Study:

To define, describe, and forecast the elastomeric sealants market based on type, end-use industry, and region
To provide detailed information about key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the elastomeric sealants market
To strategically analyze micromarkets with respect to individual growth trends, future growth prospects, and contribution to the total elastomeric sealants market
To analyze opportunities in the elastomeric sealants market for the stakeholders and provide detailed information on the competitive landscape of the market
To strategically profile key players operating in the elastomeric sealants market and comprehensively analyze their market shares and core competencies
Both, top-down and bottom-up approaches have been used to estimate and validate the size of the elastomeric sealants market and estimate the sizes of various other dependent submarkets. The research study that has been used, involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Factiva, the Securities and Exchange Commission (SEC), the Association of the European Adhesive & Sealant Industry (FEICA), and the American National Standards Institute (ANSI) to identify and collect information useful for this technical, market-oriented, and commercial study of the elastomeric sealants market.

https://www.marketsandmarkets.com/Market-Reports/elastomeric-sealants-market-142139000.html

Construction-the largest end-use industry for elastomeric sealants

The construction end-use industry segment accounted for the largest share of the elastomeric sealants market in terms of both, value and volume in 2017. The growth of the construction end-use industry segment of the elastomeric sealants market can be attributed to the increasing use of elastomeric sealants in various applications such as cladding, marble works, parking areas, and roads & highways, among others. Moreover, rising number of construction projects in emerging economies such as India and China and continuous innovations in carrying out the construction of buildings in mature markets is expected to drive the growth of the elastomeric sealants market across the globe.

Silicone-the fastest-growing type segment of the elastomeric sealants market

Among types, the silicone segment of the elastomeric sealants market is projected to grow at the highest CAGR between 2017 and 2022, in terms of both, value and volume. The growth of this segment of the market can be attributed to the easy availability, low cost, and ease of use of silicone type elastomeric sealants. These sealants are widely used in the construction, electronics, aerospace & defense, and automotive & transportation industries.

Asia Pacific-the largest market for elastomeric sealants

The Asia Pacific region is a key market for elastomeric sealants. The growth of the Asia Pacific elastomeric sealants market can be attributed to the increased demand for elastomeric sealants from emerging economies such as China and India. Increasing use of elastomeric sealants in the construction industry is also driving the growth of the Asia Pacific elastomeric sealants market.

Key Target Audience:

Manufacturers of Elastomeric Sealants
Traders, Distributors, and Suppliers of Elastomeric Sealants
Regional Associations of Manufacturers of Elastomeric Sealants and General Chemical Associations
Government & Regional Agencies and Research Organizations
Investment Research Firms
Elastomeric Sealants Market, by Type:

Polysulfide (PS)
Polyurethane (PU)
Polybutadiene (PB)
Silicone
Acrylic
Silyl Modified Polymer (SMP)
Others (Epoxy and Latex Elastomeric Sealants)
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=142139000

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.